New Delhi, Sept. 12 -- Shares of smallcap pharma stock Sigachi Industries surged over 14 percent in intra-day deals on Friday, September 12, extending gains after an almost 20 percent rise in the previous session. Just in the 2 sessions, the stock has rallied 37 percent. The surge comes following positive developments around the India-US trade deal and ahead of its dividend record date.

Yesterday, the EU rejected US President Donald Trump's proposal to impose a 100% tariff on India as punishment for buying Russian oil, asper media reports. However, the EU has not officially confirmed anything about the tariffs on India.

Meanwhile, on September 1, the Associated Press reported that the US is set to impose duties exceeding 200 percent on ...